SRS Net Lease Group Reports $200M+ in Transaction Activity Despite COVID-19
Newport Beach, CA-based SRS Real Estate Partners’ National Net Lease Group reported it has placed more than $200 million of new deals under agreement in the period since the COVID-19 concerns began in the U.S. The activity underscores the inherent value of net lease assets, despite market volatility and uncertainty created by the coronavirus pandemic.
SRS Real Estate Partners’ Matthew Mousavi says, “What we are now seeing is similar to what we experienced after the 2008 recession. Net lease proved to be a sought-after investment option then, and was the first to recover and gain traction. We think that the continued investor interest we’re experiencing is due to some of the same fundamentals that make net lease a strong investment option.”
The net lease assets rousing the most demand are grocery, drug store and convenience, and drive thru fast food, which are all property types that have survived government protocols, proving to be essential businesses. Recent SRS net lease deals have included bank, drug store, and national food, and convenience tenants.
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